Stories by Chineme Okafor in Abuja
Oil production from fields in Nigeria in 2018 were 70,166,496 (70 million) barrels more than what were produced in 2017, a report by the Nigerian National Petroleum Corporation (NNPC) has disclosed.
The document titled: “NNPC Monthly Financial and Operations Report,” for the month of January 2019, contained information on the performance of the country’s oil sector for the entire year 2018.
It also showed that while more crude oil was produced, the country equally increased its reliance on imported petrol by extending its annual consumption level between 2017 and 2018 by 6,669,744,749.27 litres (over 6 billion litres).
The report showed that in 2017, Nigeria’s oil production stood at 690,011,529 barrels with an average daily production of 1,890,443 barrels. The figures for 2018 was however reported by the corporation to be 760,178,025 barrels and 1,784,455 barrels as average daily production…
